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Money Talk With Tiff

Money Talk With Tiff

    Money Talk With Tiff
    Episode•July 28, 2023•19 min

    How To Make Money With eBay - Expert Interview with Jason Butler | Ep. 250

    Are you looking for ways to make money online? Have you ever considered selling on eBay? In this episode, Jason Butler shares his personal experience of selling on eBay with great success. He gives valuable tips and insights that will help you get started right away! He'll tell you how to scan UPC barcodes in stores to determine the value of an item before purchasing it for resale and how to use other sales sites like Poshmark and Makari to get insight into what items could sell well on eBay. Learn the top highest-selling items, how current economic situations can affect your sales, strategies for speeding up the sale process, and so much more in this must-listen guide for selling on eBay! About Our Guest Jason Butler is a side hustler and website owner. He runs My Money Chronicles, a website that discusses personal finance, side hustles, travel, and more. Jason is a graduate of Savannah State University. He is in the process of eliminating $72,000 worth of debt. Connect With Jason Twitter: @Money_Chronicle Instagram: @mymoneychronicles1 Facebook: My Money Chronicles 1 Additional Resources Tiffany's Swag on Etsy: https://www.etsy.com/shop/MoneyTalkWithTiff Visit our site: https://moneytalkwitht.com List of Passive Income Ideas: https://moneytalkwitht.com/blog/passive-income-ideas/ List of Jobs for 13-Year-Olds: https://moneytalkwitht.com/blog/59-jobs-for-13-year-olds/     This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

    Apple PodcastsSpotifyYouTubeOvercastAmazon Music

    Key Takeaways

    • 1

      Start selling on eBay with items you already know and understand

      Jason began with sports jerseys because of his knowledge of sports and Jordans

      Found a Dwayne Wade jersey for $3 at Salvation Army and sold it for $45 within two days

      Recommendation: Start with what you know—board games, purses, clothes, or other categories

    • 2

      Use eBay's barcode scanning feature to research item value before purchasing

      The eBay app allows scanning UPC barcodes in stores to see current listings and recent sales

      Example: Scan a Monopoly game at Goodwill—if it shows $40-50 sold price, buy the $3 thrift version to flip

      Filter sold items by price to see highest and lowest sale amounts

    • 3

      Research multiple platforms (Poshmark, Mercari) to validate demand before listing on eBay

      If items sell well on other marketplaces, they likely sell on eBay too

      Electronics consistently perform well regardless of economic conditions

      Current inflation has reduced sales volume across all platforms

    • 4

      eBay is free to start with no upfront listing fees (up to 1,000 free listings)

      Only pay final value fees of approximately 10-11% when items sell

      Easy account setup in under 10 minutes

      Compare favorably to Amazon which requires $35 seller account fee

    • 5

      Speed up sales by creating 'lots' of similar items and optimizing listings

      Average time to sell: 2.5-3.5 months depending on item and market conditions

      Strategies: Take more photos, update descriptions, bundle items into lots

      Example: Group 5 pairs of unsold shoes into one 'lot of 5 shoes' listing

    Intro

    • Tiffany interviews Jason Butler about making money through eBay selling, covering everything from getting started to current market challenges.
    • Jason Butler is a side hustler and website owner who runs My Money Chronicles, a personal finance and side hustle blog. He is a Savannah State University graduate working to eliminate $72,000 in debt.
    WebsiteTwitterInstagramFacebook

    – Getting Started with eBay

    • Jason explains that you can sell almost anything on eBay. He recommends starting with items in categories you already understand.

    I went to a Salvation Army, found the Dwayne Wade jersey for $3, took the jersey home, took pictures, put it online for $45. It sold within two days.

    – Jason Butler
    • Start with what you know—sports memorabilia, board games, purses, or clothing—because you'll understand the value and demand.

    – Research Tools and Strategies

    • Jason shares his three main research methods for finding profitable items.
    • Check eBay's dashboard for highest-selling items (electronics consistently perform well)
    • Use the eBay app to scan UPC barcodes in stores to see sold prices before buying
    • Cross-reference items on Poshmark and Mercari to validate demand

    If the items are selling over there nine times out of ten it's also selling on eBay.

    – Jason Butler

    – Sourcing Inventory

    • Jason sources inventory from thrift stores and yard sales at least three weekends per month. He started by selling his own excess items but quickly ran out of inventory.

    The thrift store is the cheat code, whether you want something for yourself or you want to flip something.

    – Jason Butler
    • Additional sourcing locations include Burlington, Marshalls, and other discount retailers during sales.

    – eBay Account Setup and Fees

    • Setting up an eBay seller account is completely free with up to 1,000 free listings per month. eBay charges approximately 10-11% final value fee only when items sell.

    It's very easy to get started with because you can actually set your account up for free and do it in less than 10 minutes.

    – Jason Butler
    • This contrasts with Amazon, which requires a $35 seller account fee and has additional restrictions on used items.

    – Current Market Conditions and Competition

    • Jason notes that inflation has impacted sales across all platforms. His sales dropped from 15 per week to about 5 per week.

    With inflation as high as it is right now, people aren't selling as much as they used to.

    – Jason Butler
    • Advice: Pivot to different items, lower prices, and run sales to adapt to market conditions.

    – Managing Inventory and Storage

    • Average sell time is 2.5-3.5 months. Jason stores inventory in his home using shelves, closets, and tubs rather than paying for storage units.

    When I started doing that [creating lots], I got most of my old crap out the store ASAP.

    – Jason Butler
    • Strategy for slow-moving items: Bundle into lots, improve photos, and update descriptions.

    – Dropshipping vs. Thrift Flipping

    • Jason prefers sourcing from thrift stores and yard sales over dropshipping due to lower risk and complexity.

    I've heard of eBayers getting their accounts suspended or deleted because... prices change, they don't send stuff, they get caught up in customs.

    – Jason Butler
    • Thrift sourcing advantage: Items are in hand within 10-15 minutes with no supplier complications.

    – Earnings and Realistic Expectations

    • Jason shares his actual earnings: Previously $1,200/month, now approximately $600/month due to inflation.

    In life, you got to ride the wave. Shoot, sometimes things won't be as good as it was in the past, but it's not going to last forever.

    – Jason Butler
    • Advice: Don't try to time the market—just start and adapt as conditions change.

    Resources

    • My Money Chroniclesarticle
    • eBay Apptool
    • Tiffany's Swag on Etsy
    • List of Passive Income Ideasarticle
    • List of Jobs for 13-Year-Oldsarticle

    Topics

    eBay sellingside hustlesthrift flippingresellingonline marketplacesinventory managementmarket researchpersonal financedropshippingeconomic conditions

    How To Make Money With eBay - Expert Interview with Jason Butler | Ep. 250

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